Companies

Hyundai posts marginal rise in total sales in March

PTI New Delhi | Updated on April 01, 2011

Santros made by Hyundai Motor India at its plant in Sriperumbudur near Chennai, waiting to be shipped.

The country’s second largest carmaker Hyundai Motor India on Friday reported a marginal rise in its total sales for March at 55,552 units.

The company had sold 55,027 units in the year-ago period, Hyundai Motor India Ltd (HMIL) said in a statement.

In the domestic market, the company’s sales increased 1.02 per cent to 31,822 units from 31,501 units in same month last year, it added.

Exports of the company also marginally increased to 23,730 units from 23,526 units in the year-ago period, the statement said.

“With rising interest rates and increasing prices due to higher input costs the market is less buoyant than what it was last year,” HMIL Director (Marketing and Sales) Mr Arvind Saxena said. The company’s sales grew over the year-ago period despite the rate slowed down, he added.

In its A2 segment (Santro, i10 and i20), the company sold 50,488 units, while in the A3 segment (Accent and Verna) sales were at 4,920 units.

The A5 segment (Sonata Transform) of HMIL witnessed sales of 23 units, while its new SUV Santa Fe received 121 buyers during the month.

Published on April 01, 2011

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